GBPCAD Daily indicator show down momemtumI am selling GBPCAD because Daily AO/MACD 4C showing down side signal, and it also breaks one of my trendline. I think it is heading to 1.771 area. Confirmation to sell may below 1.785.
GBPCAD trade ideas
GBPCAD : Trendline Break and Key Levels👋 Welcome to TradeCityPro!
In this analysis, I will examine the GBPCAD currency pair from the Forex market. The analysis is conducted on the daily timeframe.
📅 Daily Timeframe: Trendline Break
In the daily timeframe, we observe an uptrend that began after breaking the 1.72778 level, accompanied by an ascending trendline, which pushed the price up to the 1.80922 resistance level.
🧲 After reaching this resistance and experiencing a significant divergence in the RSI, a deep correction occurred. This was marked by the break of the ascending trendline and the activation of the divergence trigger, which has brought the price down to approximately the 1.74497 support level.
📐 The RSI has formed a symmetrical triangle, which has broken downward. Following this, it bounced back from the 30 support level and moved up to the 50 level.
📈 If the RSI stabilizes above 50 and the price consolidates above 1.78076, we can anticipate the next upward leg. In the event of breaking the 1.80922 resistance, the next target will be 1.90188.
📉In the bearish scenario, if the price drops to the 1.72778 support level, the bullish momentum will completely dissipate. Should this support level break, the next targets will be 1.67659 and 1.63796.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
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GBPCAD | SELL TRENDGBPCAD is on clear sell trend but we see buy pattern onb h4 but it go down before going up..
on h1 we see trend line continuation pattern and insided H & S pattern that gives us more confidence to sell. enjoyyy...
GBPCADThe potential sell scenario for the pair this week:
The pair is to be monitored as it approaches the designated sell zones on the chart.
GBPCAD is in good Risk & Reward level to shortAs shown on chart, this price level is the good price to go short.
I'm expecting the price will drop to make lower low in this hourly chart.
happy trade and trade wisely.
Wed 27th Nov 2024 GBP/CAD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CAD Buy. Enjoy the day all. Cheers. Jim
GBPCAD SHORT TRADE AFTER BEARISH ENGULFINGA bearish engulfing candle formed on the 6 hour chart. I will be shorting this pair and targeting previous support.
GBPCAD Cool off to become bullish!There were a series of bearish takeovers last week as the pound was predominantly bullish. It has come to an end as the price reversed and created new structures; I look forward to the price hitting the downside gap and filling it before any BULLISH continuation follows!!
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Define Your Rules: Have a clear entry, exit, and risk management plan before you trade.
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Remember: The best traders aren't the most motivated—they're the most disciplined.
GBPCAD Short Term Sell IdeaH4 - Bearish trend pattern followed by a pullback
Until the two strong resistance zones hold my short term view remains bearish here.
Could the price reverse from here?GBP/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% and also slightly below the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.7737
Why we like it:
There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.7866
Why we like it:
There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement.
Take profit: 1.7493
Why we like it:
There is a pullback support level.
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GBP/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
GBP/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 4H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.759 area.
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GBPCAD SELL - trade explained in detail Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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Trading Idea Update: GBPCAD 4H - Bearish Continuation SetupThe GBPCAD 4-hour chart aligns with our previously identified bearish bias. The market is currently retracing into a Fair Value Gap (FVG) in a premium zone, providing a high-probability area for short entries. Here’s the updated breakdown:
Fair Value Gap (FVG) in Premium Zone
The price has retraced into a Daily Fair Value Gap (FVG), highlighted in red, which aligns with the premium zone of the recent swing.
This zone represents a potential area where smart money could enter short positions after mitigating imbalances.
Bearish Bias
The bearish bias remains intact as the price is approaching an area of interest for a reversal. A rejection from this FVG zone could lead to further downside, targeting liquidity below previous swing lows.
Key Targets
First Target: 1.7520 — This is the nearest significant low that aligns with liquidity resting below.
Second Target: 1.7420 — A deeper liquidity pool where price is expected to gravitate.
Execution Plan
Entry: Look for short positions within the FVG zone (1.7720 - 1.7790) after confirmation through lower time-frame bearish signals (e.g., CHOCH, BMS).
Stop Loss: Place stops above the FVG zone, around 1.7820, to protect against further retracements.
Take Profit:
First Target: 1.7520
Second Target: 1.7420
Extended Target (if momentum continues): Below 1.7300
Confluence for Short Setup
FVG Mitigation: Price is retracing into a clear imbalance in a premium zone.
CHOCH: The bearish structure shift supports the continuation of the downtrend.
Liquidity Targets: Sell-side liquidity exists below the recent lows, acting as magnets for price.
Trend Continuation: The overall market is aligned with the bearish trend on higher time frames.
Summary
The GBPCAD 4-hour chart presents a high-probability bearish setup as price retraces into the FVG zone. A rejection here, supported by lower time-frame confirmations, aligns with the overall bearish trend and provides a favorable risk-to-reward opportunity. Targets are set at 1.7520, 1.7420, and potentially lower.
The Bat finisher So in the last post it was before and now this is after.
Thank you for coming to my ted talk.
GBPCAD short ideaFollowing breakdown from the long standing trend line, most people who have shorted have placed their SLs at the lower low above trendline. Idea is that price will try to claim those SLs and continue downward afterwards.
GBPCAD Falls Into This Week (Trade Plans)The continuous rise seen on GBPCAD over time is mostly due to a dovish BOC, ahead of the BOE on easing.
The BOE has issued various comments into the London session today, adding weakness amongst of inflow/outflow/geopolitical risk factors.
No real longs until 100MA.
#013 DCA GBPCAD SellEarlier on, I took a short position on GBPUSD and TP-ed. GBPCAD and GBPUSD seems to be correlated by their movements and even more so because both of the products contain GBP in it.
Even though in the short term, price seems to be moving upwards, but in the longer term as we can see on the chart (scroll back if you must, on the 15 Minutes Time Frame) price is moving lower and lower with more people buying into dollar strength.
I am expecting the short-term higher high is due to today being a Monday and that London opened first, hence the GBP strength. I could be wrong and price could move further upwards from here but it is ok, I have another sell limit above and could also employ other methods to try to force a breakeven if price does keep moving upwards.
There is still some space before GBPCAD touches the next previous Support level on the 4H Time Frame, so we shall see.
2001SGT 25112024
CADCHF trade still in drawdown but it's ok. we shall see
GBPCAD 4hr ShortGBPCAD
✅ 4hr Short ✅
💰ENTRY: 1.75480
👎STOP LOSS: 1.75752
TP TARGETS
⏰TP1
⏰TP2
⏰TP3
✅ 1. Weekly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs.
✅ 2. Daily Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs.
✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA.
✅ 4. Price has made a Swing high Engulfing candle below the 50ema.
This is a great example of my systematic system.
GBPCAD - Bearish TradePrice is moving in bearish trend with no bullish divergence.
Also, descending channel indicates continuation of bearish trend.
Entry is at breakout of lower low.
If price crosses down lower low, sellers will remain in control.
GBPCAD Long IdeaThere is a trend reversal on GBPCAD and bulish divergence also on RSI. There is an opportunity for Long position.
GBPCAD Possible Short Position BBMA OA ReEntry Zone Zero Loss 4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHI
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Grenn Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
